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Valentin Atanasov

Bulgaria

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Member since:	February 9, 2017
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As you can see NZD/USD H1 chart is showing clear head and shoulders pattern that broke neckline, and now it is standing on 100 EMA(orange line), we wait the price to test neckline level again to confirme downside movement ,if this levels holds it will be a good point to enter short position.

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USD/CAD Head and shoulders pattern

ValentinAtanasov Posted 4 Apr.

Hello, as you can see from the USD/CAD H4 chart, head and shoulders pattern was completed. Price went down, broking the neckline, right after that the price tried to go up, but it bounced back down again from the neckline level (which matches with 200 ema(red line)) , which is signal for upcoming down movement.

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